Regulatory delays are holding up a potential bonanza for European shipowners hoping to tap into the multibillion-dollar US offshore wind sector.
An environmental impact statement decision on Spanish utility Iberdrola’s 84-turbine Vineyard Wind 1 off Martha’s Vineyard, Massachusetts, had been expected earlier this year, but it keeps being pushed back by the federal Bureau of Ocean Energy Management.
Emily Huggins Jones, a specialist in the sector and a partner at US law firm Squire Patton Boggs, told TradeWinds: “Now there is no time frame because cumulative effects of all east...
